Property Grunt

Wednesday, July 27, 2011

Losing our s**t is no excuse for losing our manners

Let this be your wake up call.

Recently I had the displeasure of experiencing some rather rude and passive aggressive behavior from complete strangers. I won't go into details since I have no desire to relive those moments but these people acted out because they either did not care or they felt the need to lash out in some way.

The last incident was the final straw and I responded to the perpetrator with the same behavior the douchebag inflicted on me, with extreme prejudice. The piece of trash was not happy about the lesson and it almost got very ugly. But luckily for both of us it did not escalate to a point where legal and medical attention was needed.

Right now we are going through a make or break period for our economy and all signs point to break. All the high rollers in real estate that I know of are s**tting bricks. They are either at the mercy of their lenders or desperately trying to dump their inventory.

Along with the Debt Ceiling showdown there is $23 billion in commercial mortgages coming due. It is understandable why people are feeling the squeeze.

However, what I have noticed is people are reacting to it by not giving a damn about the negative results of their actions or they are just being plain old rude and obnoxious because they are angry at the world.

To all those people who feel justified in acting that way, I have one thing to say to all of you.


There are people out there in the world who have so much less in assets but so much more in liabilities but you don't see them acting like a bunch of babies.

I am done with you people. I have no desire to correct your behavior because I have no time or energy to deal with you. Also I know that nothing good will come from confronting people like you. If there is a way to walk, I'll walk.

However, nothing good will come of this if all of you keep this up. You are going to piss off someone who is angrier than you are and who cares a helluva a lot less about what happens to them. They are looking for an invitation to ride up on someone.

If that happens, you are going to find yourself a host to your smackdown.

Sunday, July 03, 2011


That is how much it costs to live in this house.

That will be all.

The Bunny

The rich are getting nervous. And this isn't just chatter.

A short sale in Scarsdale.

You will see more of these. Bank on it.

Jared Kushner is not alone.
All the big time players who were gobbling up properties like the way Lindsay Lohan chugs Red Bulls are now desperately trying to get rid of them or getting to know their lenders as they renegotiate the terms of their mortgages.

Real estate was such a nice fluffy bunny. Now it bares its fangs.